https://www.taxtmi.com/news?id=33734 The Bill substitutes the previous year/assessment year regime with a single tax year to streamline timing and reporting, clarifies ESOP tax treatment to reduce disputes, and expands sectional detail while shortening overall text. Critically, it grants the central tax board authority to frame administration rules, compliance frameworks, and digital monitoring measures without frequent legislative amendments, facilitating dynamic tax governance; the Bill will proceed through parliamentary introduction and committee scrutiny after stakeholder consultation. en-us Wed, 12 Feb 2025 12:01:05 +0530 Thu, 13 Feb 2025 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33734 The Bill substitutes the previous year/assessment year regime with a single tax year to streamline timing and reporting, clarifies ESOP tax treatment to reduce disputes, and expands sectional detail while shortening overall text. Critically, it grants the central tax board authority to frame administration rules, compliance frameworks, and digital monitoring measures without frequent legislative amendments, facilitating dynamic tax governance; the Bill will proceed through parliamentary introduction and committee scrutiny after stakeholder consultation. News - Wed, 12 Feb 2025 12:01:05 +0530 https://www.taxtmi.com/news?id=33734